{"id":31116,"date":"2022-06-24T03:37:51","date_gmt":"2022-06-24T06:37:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31116"},"modified":"2026-04-23T07:28:37","modified_gmt":"2026-04-23T10:28:37","slug":"ccc-close-to-reaching-settlement-agreement-with-ipi","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ccc-close-to-reaching-settlement-agreement-with-ipi","title":{"rendered":"CCC close to reaching settlement agreement with IPI"},"content":{"rendered":"\n

Andrew Yeom, the Commonwealth Casino Commission\u2019s executive director, has said he does not see any major obstacles to a settlement agreement.<\/p>\n\n\n\n\n\n\n\n

Northern Mariana Islands.-\u00a0Andrew Yeom<\/strong>, executive director of the Commonwealth Casino Commission (CCC), has revealed that a settlement may be reached to resolve the regulator’s five complaints against Imperial Pacific International.<\/p>\n\n\n\n

The regulator has called for the permanent revocations of IPI’s exclusive casino licences. But Yeom says a settlement may be agreed before the July 8 expiration of a temporary restraining order<\/a>\u00a0issued by\u00a0Chief Judge Ramona V. Manglona<\/strong>.<\/p>\n\n\n\n

Yeom said there had been differences of opinion between the two sides while discussing the settlement but that there are currently no major obstacles. He said there remained only a few details to work out<\/strong>, which he believes will be agreed upon next week.<\/p>\n\n\n\n

In October 2021, Yeom filed five complaints<\/a>\u00a0against Imperial Pacific International seeking\u00a0to revoke its exclusive casino licence.<\/strong>\u00a0The\u00a0licence was suspended<\/a>\u00a0indefinitely due to the operator’s failure to comply with regulatory orders.<\/p>\n\n\n\n

Former construction team leader sues IPI<\/h2>\n\n\n\n

Jess Aquiningoc, the former head of Imperial Pacific International\u2019s construction team, is suing the company for its failure to pay the money owed. Aquiningoc resigned from IPI<\/a> almost a month ago over the non-payment.<\/p>\n\n\n\n

Aquiningoc says IPI owes him US$4,700 in paid time off<\/strong> that he accumulated over the past two years but that the company paid him only $2,500 before he resigned. He said he had to borrow money and go into debt with family and friends as a result.<\/p>\n","protected":false},"excerpt":{"rendered":"

Andrew Yeom, the Commonwealth Casino Commission\u2019s executive director, has said he does not see any major obstacles to a settlement agreement.<\/p>\n","protected":false},"author":176,"featured_media":19434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Commonwealth Casino Commission (CCC) and Imperial Pacific International (IPI) are reportedly nearing a settlement regarding the permanent revocation of IPI's exclusive casino licenses in the Northern Mariana Islands. Executive Director Andrew Yeom indicates only minor details remain, aiming for resolution before a temporary restraining order expires on July 8. This development follows IPI's indefinite license suspension due to non-compliance with regulatory orders.","focusai_entities":"Andrew Yeom, Commonwealth Casino Commission, Imperial Pacific International, Ramona V. Manglona, Jess Aquiningoc","focusai_location":"Northern Mariana Islands","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Settlement Terms Impact","query":"What specific concessions or conditions are expected within the settlement agreement between the CCC and IPI, and how will these impact IPI's operational capabilities and future licensing prospects in the Northern Mariana Islands?"},{"label":"Market Stability Implications","query":"Beyond IPI, what are the broader implications of this regulatory action and potential settlement for the stability and attractiveness of the Northern Mariana Islands as an iGaming jurisdiction for other operators and investors?"}],"footnotes":""},"categories":[16336,156,158],"tags":[24018,21613,24134,22674],"class_list":["post-31116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-regulation-news","category-slider-home","tag-ccc","tag-commonwealth-casino-commission","tag-imperial-pacific-international","tag-ipi"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=31116"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31116\/revisions"}],"predecessor-version":[{"id":31139,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31116\/revisions\/31139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19434"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}